This LISTING OFFERS not ONE, but TWO amazing INVESTMENT OPPORTUNITIES. (OPTION 1) THE EXISTING PROPERTY includes 3 FIXER-TYPE UNITS in need of updating. UNIT 1: 2BED/2BATH (main house), UNIT 2: 1BED/1BATH, not currently rented, and UNIT 3: STUDIO/BATH. UNITS 1 & 3 are collectively rented to one tenant for well under market at $4,000/mo. Terms for the rented units are month-to-month, 60-day termination. (OPTION 2) DEVELOPMENT OPPORTUNITY - The Details: The property is FULLY ENTITLED for 4-Three Story OCEAN VIEW "Townhouse Style" CONDOMINIUMS, each with 2200+ INTERIOR SQ FT., 4 BEDROOMS and 3.5 BATHROOMS, PRIVATE ENTRANCES, Private YARD Space, FIREPLACE, BALCONIES, ROOFTOP DECK and a 2 CAR GARAGE. The ESTIMATED RESALE value per unit is $1.7-1.9M, based on options and finishes per residential unit. PROJECT DOCUMENTS AVAILABLE upon request. Planning Commission Approval, "ENTITLEMENT" is complete. *****Ideally located between Oceanside Pier and Carlsbad State Beach with easy access to Public Transportation, I-5, highways 76, and 78. Bike or walk to the BEACH, HARBOR, TRENDING DOWNTOWN, SHOPS, RESTAURANTS, & NIGHTLIFE in an area that presents impressive growth and premium ROI. Contact Grace at 562-338-3009 for more info.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,550,000 | $868 | Keller Williams Coastal Prop. |
Elementary School South Oceanside Elementary | 0.3 miles away | KG - 05 | |
Middle School Lincoln Middle | 1.1 miles away | 06 - 08 | |
Elementary School Palmquist Elementary | 1.3 miles away | KG - 05 |